Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3450 FOR 1.3318, STOP AT 1.3501
USD/JPY: LONG AT 101.80 FOR 102.38; STOP AT 101.54
GBP/USD: SHORT AT 1.6990 FOR 1.6845 OBJECTIVE, STOP 1.7056
USD/CHF: LONG AT .8909 FOR REVISED .9082; REVISED STOP AT .8969
AUD/USD: LONG AT .9425 FOR .9544; STOP AT .9380
USD/CAD: BUY AT 1.0780 FOR 1.0922 OBJ, STOP 1.0725
Crosses
EUR/JPY: SELL AT 137.05 FOR 136.02 OBJECTIVE, STOP 137.55
EUR/GBP: SELL AT .7965 FOR .7756; STOP AT .8020
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2166
EUR/CAD: SHORT AT 1.4515 FOR 1.4370 STOP AT 1.4580
GBP/JPY: BUY AT 172.85 FOR 174.55; STOP AT 172.05
NZD/USD: REVISE SELL AT .8600 FOR .8479; REVISE STOP AT .8655
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Editors’ Picks
AUD/USD retargets the 0.6600 barrier and above
AUD/USD extended its positive streak for the sixth session in a row at the beginning of the week, managing to retest the transitory 100-day SMA near 0.6580 on the back of the solid performance of the commodity complex.
EUR/USD keeps the bullish bias above 1.0700
EUR/USD rapidly set aside Friday’s decline and regained strong upside traction in response to the marked retracement in the Greenback following the still-unconfirmed FX intervention by the Japanese MoF.
Gold advances for a third consecutive day
Gold fluctuates in a relatively tight channel above $2,330 on Monday. The benchmark 10-year US Treasury bond yield corrects lower and helps XAU/USD limit its losses ahead of this week's key Fed policy meeting.
Bitcoin price dips to $62K range despite growing international BTC validation via spot ETFs
Bitcoin (BTC) price closed down for four weeks in a row, based on the weekly chart, and could be on track for another red candle this week. The last time it did this was in the middle of the bear market when it fell by 42% within a span of nine weeks.
Japan intervention: Will it work?
Dear Japan Intervenes in the Yen for the first time since November 2022 Will it work? Have we seen a top in USDJPY? Let's go through the charts.